Accounting 9706 · AS & A Level · The accounting system

The accounting system — practice question

Which item fails to apply the matching concept correctly?

  • Acapitalising staff expertise and writing it off over the working life of the staff
  • Bincluding a value for unused stationery in the statement of financial position
  • Cproviding for irrecoverable debts in the year the sales took place
  • Drecording telephone costs incurred but not yet billed

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